Reliance Power surges on getting nod for Scheme of Arrangement with its step down subsidiary

Reliance Power Ltd. | Power Generation/Distribution | Power | BSE: 532939 | NSE: RPOWER

26 Aug 2013 Evaluate

Reliance Power is currently trading at Rs. 69.90, up by 1.10 points or 1.60% from its previous closing of Rs. 68.70 on the BSE.

The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 70.40 and Rs. 69.35 respectively. So far 4, 61,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 106.70 on 15-Oct-2012 and a 52 week low of Rs. 58.55 on 28-Mar-2013.

Last one week high and low of the scrip stood at Rs. 71.90 and Rs. 65.10 respectively. The current market cap of the company is Rs. 19,579 crore.

The promoters holding in the company stood at 74.98% while Institutions and Non-Institutions held 11.40% and 13.60% respectively.

Reliance Power ‘s Board of Directors at its meeting held on July 30, 2013, has approved, the Scheme of Amalgamation of Reliance Clean Power (the Transferor Company), its step down subsidiary Company with Reliance Power (the Transferee Company) under Sections 391 to 394 and other applicable provisions, if any, of the Companies Act, 1956.

At present, the entire existing paid-up capital of the Transferor Company is held by Reliance Power including through its wholly owned subsidiary, Reliance CleanGen Limited. Pursuant to the Scheme, no shares are proposed to be issued to the Transferee Company as the entire share capital of the Transferor Company would be held by the Transferee Company on or before the effective date.Further, the Company will not be filing any application with the High Court.

Reliance Power is a part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally

Reliance Power Share Price

28.36 -0.36 (-1.25%)

05-May-2026 16:59 View Price Chart

Peers

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